Large NZD/USD demand noted in early European trade
It seems that some Swiss interests have large demand to buy NZD, and they have been piling into NZD/USD over the last hour of trade. I’m not sure if they are ‘legging’ into a cross position or if it’s straight NZD/USD trade; I’m sure we will find out soon enough.
Some suggestions that there is a inverted SHS on the daily and the strong weekly close (with higher today) has triggered a .8550-70 target